Stocks making the biggest premarket moves: U.S. Steel, AT&T, Synchrony Financial, CVS and more
These are some of the stocks posting the largest moves in early trading
Check out the companies making the biggest moves in premarket trading: U.S. Steel — Shares tumbled 7% after President-elect Donald Trump said late Monday he will block the purchase of the steelmaker by Japan's Nippon Steel. A deal was reached in late 2023 for Nippon Steel to buy U.S. Steel, but it has since encountered political opposition. AT & T — The cell phone stock climbed nearly 4% after saying it anticipates more than $18 billion in free cash flow in 2027. AT & T laid out its three-year vision on Tuesday, which includes plans to double its fiber internet availability and enhance its 5G network. Axon Enterprise — The maker of Tasers used by police departments added almost 2% following an upgrade at Morgan Stanley to overweight from equal weight. The investment bank said artificial intelligence could help expand Axon Enterprise's total addressable market. Synchrony Financial — The Stamford, Connecticut-based credit card issuer rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo. The bank said Synchrony is trading at a cheap valuation and could benefit from regulatory changes under the incoming Trump administration Upstart Holdings — Shares of the AI-lending marketplace added 1.5% following an upgrade at Redburn Atlantic to buy. The firm sees a significant market opportunity with Upstart's blend of AI and a scalable tech platform. Credo Technology Group — The tech company soared 32% after earnings topped analyst estimates late Monday and it issued strong current-quarter revenue guidance. Adjusted earnings came in at 7 cents per share on $72 million in revenue in the second fiscal quarter against Street estimates of 5 cents per share on revenue of $67 million, according to LSEG. Zscaler — The cloud security company forecast for fiscal second quarter revenue nearly matched analysts' estimates, sending shares 7% lower in early trading. Zscaler reported better-than-expected adjusted earnings and revenue in its fiscal first quarter. CVS Health — Shares rose 1.4% after Deutsche Bank upgraded the drug store chain and pharmacy benefit mansger to buy from hold. The investment bank believes earnings will recover and top consensus estimates. Cleanspark — Shares dropped almost 8% after the bitcoin miner reported fiscal year 2024 revenue that missed expectations. Revenue of $379 million fell short of the $395 million consensus estimate, according to FactSet. Super Micro Computer — The maker of artificial intelligence servers moved nearly 8% higher, adding to its 29% gain on Monday, when a special committee of the board of directors said it found no evidence of misconduct , nor "any substantial concerns about the integrity of Supermicro's senior management or Audit Committee, or their commitment to ensuring that the Company's financial statements are materially accurate." — CNBC's Jesse Pound, Hakyung Kim, Sarah Min and Pia Singh contributed reporting.This story originally appeared on: CNBC - Author:Michelle Fox
These are the stocks posting the largest moves in extended trading
More than 67 million beneficiaries rely on Medicare for health care coverage, and they still have several days to select their plans for 2025
These are some of the stocks posting the largest moves in midday trading
The debt-to-income ratio was the most common reason buyers were denied a mortgage, according to a report
The iShares MSCI South Korea ETF, which tracks more than 90 large and mid-sized companies in South Korea, tumbled 6% to hit a 52-week low
